Alien Metals Ltd (LSE AIM:UFO), update the market on the Hancock Iron Ore Project in the Pilbara region of Western Australia. Today we have Bill Brodie Good, CEO & Technical Director of Alien on the Share Talk platform updating shareholders.
Follow the link to view the announcement in full including all figures: http://www.rns-pdf.londonstockexchange.com/rns/5225J_1-2021-8-23.pdf
Alien Metals Ltd (LSE AIM:UFO), a global minerals exploration and development company, is pleased to update the market on the Hancock Iron Ore Project in the Pilbara region of Western Australia.
· With the final laboratory assay results from the second phase of drilling now received, preparations have begun to optimise the Phase 3 drilling programme, which is anticipated to be completed during Q4
· The Phase 3 programme is designed to target the delineation of a maiden resource estimate at the Western Ridges Prospect
· The Phase 2 programme has clearly defined significant widths of direct shipping ore (DSO) from surface at the Sirius Extension Prospect and the Western Ridges Prospect
· All intersections from the Sirius Extension Project clearly point to a contiguous DSO grade deposit, as reported in the recent announcement of 11 August 2021
Bill Brodie Good, CEO & Technical Director of Alien Metals, commented:
“At each new step the Hancock tenement is shaping up to be a significant development opportunity for Alien. We have now defined a robust DSO grade iron ore orebody at the Sirius Extension Prospect, and are pushing ahead with detailed development and study work to bring this project online as soon as is practical. We also believe that the Western Ridges Prospect provides a significant opportunity to open a second front on the potential development schedule within this outstanding tenement.”
John Battista, Principal Mining Consultant, Mining Plus, commented:
“Based on our conceptual study-level work to date, the Hancock project has the potential to be developed into a niche direct-shipping iron ore producer in the heart of the world-famous Pilbara region of Western Australia.”
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